Business CBN Fulfils Promise, Sells Dollar At N360 To BDCs



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The Central Bank of Nigeria on Thursday sold $20,000 to each registered Bureau de Change operators who bided for forex yesterday at a rate of 360 naira per dollar in order to boost liquidity.

A Trader, Shehu Usman who confirmed the development told Daily Trust that the CBN fulfilled their promise which brought stability in the forex market.

The apex bank also offered the sum of $100 million to authorized dealers to meet the requests of wholesale customers at the forex auction in the interbank wholesale window.


The Acting Director, Corporate Communications Department at the CBN, Isaac Okorafor, disclosed this in a statement.

The statement said that no intervention was made in the retail window in yesterday’s auction.

Related: Naira Falls to N390 Per Dollar at Parallel Market